US Dollar Index Classical Technical Report 04.10

Tue Apr 10 05:48:00 GMT 2012

by
Joel Kruger, Technical Strategist

US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9,600-10,100 area. Overall, we do retain a bullish outlook given the broader recovery structure out from a major base in 2011 and therefore recommend looking to buy on dips in favor of an eventual break above 10,100.